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Industry News Daily — Friday, February 10, 2012

Friday, 10 February 2012 13:40Written by TrueCar

TrueCar.com’s daily industry news summary for Friday, February 10, 2012, shares the most important news from across the automotive industry.

TrueCar Press Releases and Blog

Industry

Automotive News

· Daimler reported a 39% increase in fourth-quarter profit, boosted by demand for the revamped M- and C-class models
· Sales rose 10%
· In 2011 Mercedes reported brand sales of 1.26 million units, behind Audi with 1.3 million and BMW which sold 1.38 million cars and SUVs
· 10 new models will be introduced by 2015, including compacts and CLS Shooting Brake

Automotive News

· Optima production will be boosted by as much as 60,000 units this year
· Optima sales have more than tripled last year from 2010
· Kia sold 84,590 Optimas in 2011
· They are assembled at a plant in Georgia
· With this boost – Kia will have three vehicles with more than 100,000 US sales this year – the Optima, Sorento, and Soul

Forbes

· The British Magazine, Car estimates that Mercedes-Benz lost 330,000 Euros for every Maybach it sold
· Mercedes has sold about 3,000 of them worldwide
· Car estimates that Mercedes sank $1.32 billion into the venture

WSJ

· Automakers are rolling out what they call the “connected car”
· These cars can do everything from make a reservation at a restaurant to displaying Twitter feeds
· Software to import iPhone and Android applications is around the corner
· GM plans to introduce an 8-inch, touch-screen display for online applications, navigation and music - it can be used by voice, touch, or steering wheel controls
· Ford allows drivers to send and receive tweets through Sync technology
· Mercedes will tap into Facebook with new cars this spring

Vehicles

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NY Times

· Crossover-like car would enter production in late 2013
· Shaped similarly to the Acura ZDX or BMW 5 Series Gran Turismo the Model X fits within a niche and has interior space like a minivan and SUV
· It has falcon wing doors for rear passengers – they open upward – you can get in and out of the tightest garage
· Has two trunks one in the rear and another up front where the engine would otherwise be
· Room for seven adults plus luggage
· Model S is expected in showrooms this summer
· Pricing should be close to Model S – which starts at $49,900 after the $7,500 federal tax, but can approach $100,000 with options

Detroit News

· Ford is recalling 569 2012 Ford Expeditions and Lincoln Navigator SUVs because some of the rear seats may have been incorrectly welded
· Nissan is recalling 36,608 Versa cars because some models can be shifted out of park without the driver pressing down on the brake